2770 Madison St
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2770 Madison St
12 Unit Apartment Building $4,800,000 ($400,000/Unit) Carlsbad, CA 92008
Investment Highlights
- Premier Carlsbad Village location with significant immediate rental upside
- Large 17,681 SF lot with spacious two-bedroom (2) and one-bedroom (10) floor plans (individually metered)
- Major employment hub with convenient access to Interstate 5 and Highway 78
- Walking distance to top ranked restaurants, beaches, parks, entertainment, and shopping
- Abundant off-street parking and private laundry facility for tenant convenience
- Extremely competitive housing market ideal for multifamily investment
Executive Summary
CBRE is pleased to offer for sale 2770 Madison Avenue, a 12-unit
craftsman style coastal community ideally located steps away
from the beach, trendy shops, restaurants, and entertainment
of Carlsbad Village. Well maintained, 2770 Madison offers a
new investor significant immediate rental upside. Built in 1964,
the property is sprawled out over an expansive 17,681 SF lot
and features an ideal unit mix of spacious floor plans, including
(2) two-bedrooms and (10) one-bedrooms (all individually
metered). The property also includes 12 parking spaces and a
private laundry facility for the tenant’s convenience. The area is
a magnet for professionals, young families, and high net worth
individuals, making it ideal for multifamily investment.
craftsman style coastal community ideally located steps away
from the beach, trendy shops, restaurants, and entertainment
of Carlsbad Village. Well maintained, 2770 Madison offers a
new investor significant immediate rental upside. Built in 1964,
the property is sprawled out over an expansive 17,681 SF lot
and features an ideal unit mix of spacious floor plans, including
(2) two-bedrooms and (10) one-bedrooms (all individually
metered). The property also includes 12 parking spaces and a
private laundry facility for the tenant’s convenience. The area is
a magnet for professionals, young families, and high net worth
individuals, making it ideal for multifamily investment.
Property Facts
| Price | $4,800,000 | Building Class | C |
| Price Per Unit | $400,000 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 8,210 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low Rise | Parking Ratio | 1.46/1,000 SF |
| Price | $4,800,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 8,210 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.46/1,000 SF |
Unit Amenities
- Storage Space
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Storage Space
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $2,495 | 650 |
| 2+2 | 2 | $2,895 | 900 |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 203-110-26 | Improvements Assessment | $546,513 |
| Land Assessment | $757,556 | Total Assessment | $1,304,069 |
PROPERTY TAXES
Parcel Number
203-110-26
Land Assessment
$757,556
Improvements Assessment
$546,513
Total Assessment
$1,304,069
zoning
| Zoning Code | CR |
| CR |
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2770 Madison St
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